DOW

DOW FUTURES 27044 +762

Looks like 27000 going to be hit today once the US open, incredible.

At this rate, we will be around 29500 sooner than later.

AdeMcG wrote: or, the explanation is of workers coming off the welfare system and going back on to the job protection scheme as employers try to re-open, but here is the catch. To ensure the companies get to keep their bail out money, they have to keep folk employed for only 8 weeks.

Could be just kicking the pain down the road and come 8 weeks later, expect the numbers of jobless claims to once again jump upward.

Yep,

just for traders to try and stay solvent until then!

The market is on a tear!

or, the explanation is of workers coming off the welfare system and going back on to the job protection scheme as employers try to re-open, but here is the catch. To ensure the companies get to keep their bail out money, they have to keep folk employed for only 8 weeks.

Could be just kicking the pain down the road and come 8 weeks later, expect the numbers of jobless claims to once again jump upward.

Naeem Aslam, chief market analyst at AvaTrade, says the US unemployment rate “mind-blowing number”:

The US unemployment rate has shocked everyone because the number was much lower than the market expectation. Speculators were whispering for 20%.

This a mind-blowing number and shows that the economy is improving. Things are not as bad as many thought. This data, if it is a true reflection of the economy, is likely to speed up the recovery for the US economy.

AdeMcG wrote: anyone else think the statisticians have got numbers mixed up on the Jobless count?

something is weird.

but hey, what do i know - trade what we see.

in any case, let's see the 27-handle approach sooner.

anyone else think the statisticians have got numbers mixed up on the Jobless count?